Can You Live on Social Security in the Philippines? (4 Key Things Before Retiring)
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- čas přidán 30. 07. 2024
- Is social security enough to live in the Philippines? Can you receive payments overseas? I will answer these questions and share 4 important things to consider before retiring abroad in the Philippines.
SOCIAL SECURITY International Direct Deposit Countries List: www.ssa.gov/international/cou...
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If you have a $2000 monthly pension and a frugal spender. It will be more than enough to live comfortably in a province. With that amount, you can even visit its neighboring countries.
Yes!! That's a great example. :)
Having been stationed at Clark Air Base, Philippines 🇵🇭 back in 1991.😂. Was age 28 then. I am age 61 and planning to return and retire there by end of 2025. I will receive Social Security study income every month. I am a widower, all my children are grown now. I am saving a nest egg 🥚 money in the bank 🏦. Just in case unforseen situations in the Philippines 🇵🇭. Finally, I will apply for American military 🪖 Philippines sponsored SRRV program for retirement. Thank you for this information
Actually is not only USA.
It is allied military. Contrary to what is taught in US schools the yanks alone did not win the war. Go figure
Great info!
Thanks, I'm very happy that you enjoyed the video. Wishing you all the best. :)
that's what i did. i retired in Makati at age 58 .I have 4 paid off rental houses in Florida and Nevada, managed by property mgmt company. I get about $3k/mo NET rental income. At 62 i wil collect Soc Sec of about $2,300/mo.
$2,000/mo in the Philippines is more than enough.
That’s amazing!! Thank you for sharing your inspiring experience. 😃
Congrats on hitting the FIRE!
Have same portfolio, started with Index and individual stocks, then i sold some holdings and bought real estate to rent. I am gradually moving my holdings to just the pure Index VTI and VOO as Im 15 years away from retirement at 62. Will go back in the Philippines and spend the dollars there. You got more for your money plus you have the nature to enjoy. Thats a bonus
Thank you for your comment. That’s a wonderful and exciting retirement plan! We also love investing in the VTI and VOO. 👍 wishing you all the best!! 😊
I love these channels ❤.
I love your comment! Thanks so much for your support! :)
Are you a budding CFP candidate? Good to get your hands on some of that CFP financial planning software. You have the right ideas...as for me I am later on in life...working to invest and save my way to livingin Asia. Way to go. Oh yeah... one more thing. Did you mention the possibility of supplemental income coming from a remote job paying in USD ?
Aloha! Filipino watching from Hawaii
Aloha back! Thanks so much for watching, hope you have a fantastic day! :)
How many times has this been done?
I wanna sari-sari store.
You -didn't- leave a link in the description like you promised👍
Thank you for letting me know. I forgot to add it, so that's my bad! The link is now in the description and here for your reference: www.ssa.gov/international/countrylist6.htm
You can live on SS in the Phil. but your standard of living is relatively low.
Curious, how long have you been living on social security?? No need to answer . yYou just quote some figures and other crap. SO NO IDEA.
I am doing much better than you claim, WITHOUT LIVING LIKE A LOCAL. Is called LIFE EXPERIENCE - get some before talking crap